Westrock Coffee's (WEST) "Outperform" Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Westrock Coffee (NASDAQ:WEST - Free Report) in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a $9.00 target price on the stock.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus decreased their price target on Westrock Coffee from $12.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Benchmark reiterated a "buy" rating and issued a $10.00 target price on shares of Westrock Coffee in a research report on Wednesday, April 16th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Westrock Coffee presently has an average rating of "Buy" and an average target price of $10.40.

Westrock Coffee Price Performance

Shares of NASDAQ WEST traded up $1.11 during mid-day trading on Tuesday, reaching $7.26. The company had a trading volume of 988,485 shares, compared to its average volume of 293,084. Westrock Coffee has a one year low of $5.28 and a one year high of $10.99. The business's 50-day simple moving average is $6.31 and its 200 day simple moving average is $6.61. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39. The firm has a market cap of $684.10 million, a price-to-earnings ratio of -8.44 and a beta of 0.49.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The firm had revenue of $213.80 million during the quarter, compared to analyst estimates of $213.85 million. Westrock Coffee had a negative net margin of 9.05% and a negative return on equity of 20.72%. On average, research analysts predict that Westrock Coffee will post -0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO William A. Ford purchased 15,000 shares of Westrock Coffee stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of $6.45 per share, for a total transaction of $96,750.00. Following the completion of the acquisition, the chief operating officer now owns 476,190 shares in the company, valued at approximately $3,071,425.50. This trade represents a 3.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.10% of the company's stock.

Institutional Investors Weigh In On Westrock Coffee

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Westrock Coffee by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 290,306 shares of the company's stock worth $2,096,000 after purchasing an additional 5,653 shares during the period. Vanguard Group Inc. lifted its holdings in Westrock Coffee by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company's stock worth $21,304,000 after buying an additional 137,646 shares during the period. HHM Wealth Advisors LLC grew its position in shares of Westrock Coffee by 130.9% in the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company's stock valued at $58,000 after buying an additional 4,580 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its stake in shares of Westrock Coffee by 38.0% in the first quarter. Legacy Capital Wealth Partners LLC now owns 36,105 shares of the company's stock valued at $261,000 after buying an additional 9,940 shares during the period. Finally, Stephens Inc. AR raised its position in shares of Westrock Coffee by 3.8% during the first quarter. Stephens Inc. AR now owns 245,364 shares of the company's stock worth $1,772,000 after acquiring an additional 9,000 shares during the last quarter. 45.08% of the stock is owned by institutional investors.

Westrock Coffee Company Profile

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.